Everyone would agree that the metaverse is a novel concept that is only going to become more popular as time goes on. Even now, many international companies from a variety of backgrounds such as Samsung, Emirates Airlines, and even JPMorgan have all gotten involved with the metaverse, so it is safe to say that this idea is not going away anytime soon.
The development of the metaverse shows that it is more than a social network because people can connect on a closer level. Cryptocurrency aims to break the barrier of making online transactions, and the metaverse is making that goal possible.
Olive is an innovative metaverse project that offers a solution for everyone to exchange their precious points for Olive tokens.
Olive metaverse platform is built on Klaytn (KLAY) network, the mainnet of Ground X, to maximize all economic activities of the metaverse. It has massive potentials and intends to provide a unique virtual experience using 3D avatars where users can explore and enjoy the wonders of the metaverse.
Olive metaverse provides a win-win solution for its users through an advanced mode of communication. Participants can use their creativity and imagination to create and share everything through 3D Avatar. Furthermore, the protocol aims to establish point integration services within the ecosystem and strengthen its business model, which would lead to an influx of customers.
The metaverse needs a unified system to run effectively. Hence, Olive has integrated a point integration platform is necessary and only a measure for smooth economic activity within the metaverse. In addition, the point integration platform raises the value of brands in the metaverse and attracts the attention and interests of the metaverse participants.
With the point integration services, consumers can conveniently create synergy through complementary development among online delivery food companies by allowing membership points provided by each brand to be actively utilized without meaningless extinction.
Additionally, clients can store up points by actively participating in activities in the ecosystem. These accumulated points can be used for consuming activities within the Olive metaverse protocol. Unused points may be stored on Olive permanently without an expiration date.
Accumulated points can be exchanged for a token on a particular ratio to use, and it can be used simultaneously. For example, in daily life, points acquired by ordering fried chickens can be exchanged for a payment for a pizza order, increasing the convenience and satisfaction of the clients. Also, when ordering the brands’ products displayed within the Olive metaverse platform, ordering the products on the stores in the portals contracted with OLIVE gives points without any condition or limitation.
How wonderful it is when customers can exchange their precious points for Olive tokens at over 3,000 BBQ stores that operate in 20 countries worldwide, including Korea, the United States, and Europe.
Olive creates a point integration system that makes use of a blockchain-based metaverse platform and a point-only bank to allow clients to freely spend points inside it. There are different areas as well such as the Playground wherein users can freely participate in various quests, themes and other aspects associated with the metaverse. Offline content is also available and this section includes content which can induce and promote interest in platforms which will in turn improve the overall image and reputation of the brand.
Lastly, there is the Points Integrated Service. Here, by allowing membership points offered by each business to be actively employed without pointless extinction, Olive seeks to serve consumers convenience and build synergy via complementary development among online delivery food enterprises.
Olive Corporation has recognized that Generation MZ holds the future of the metaverse. Most companies that use the metaverse as a marketing strategy connect easily with the younger generation.
Generation MZ have the habit of recalling brands via characters, feels the nature of communication in the realization, and forms a sense of closeness with the companies.
The young generation is familiar with playing by decorating their avatars (characters) and has a strong tendency of pursuing fun while purchasing a product. Moreover, there is a shift toward the virtual space; thus, the metaverse market will expand. Therefore, to target Generation MZ, the corporations need to pay attention to the metaverse.
Olive is currently developing a metaverse that starts with universities, a sector where most of the MZ generation dominates. The goal is to increase Olive tokens’ utilization and expand the global ecosystem by making the school metaverse and Olive Wallet Web compatible with each other.
BBQ Vietnam, Olive’s overseas division involved in global sales of BBQ, Korea’s #1 chicken brand, is Olive’s representative F&B chain partner. Additionally, the team has established collaborations with AC CAPITAL and five additional overseas venture capital firms. For F&B partners, Olive is in negotiations with over 100 well-known franchise organizations to execute business agreements before the end of 2022.
Regarding past achievements, Olive has secured commercial partnerships with ten food and beverage companies, including BBQ, venture capital firms as well as various colleges, and has even produced Olive Wallet 1.0. The team is also planning to launch a metaverse platform which can be linked to various other platforms.
In terms of future goals, Olive intends to follow the sales tactics of brands managed by F&B firms with which it has formed mutual agreements. The objective is to make customers experience real advantages by increasing the distribution of Olive points in response to consumer purchases during the event time and by presenting side menus of F&B brands ordered by users as promotions. The team believes that these actions will assist in securing customers’ points and promoting how points might be used.
The key objective though is to encourage providing meals in order to acquire client satisfaction. The next major task is to thus secure points and customers by introducing financial mechanisms such as deposits as well as installment savings.
Ultimately, what a great idea it would be to allow consumers to swap their valuable points for Olive tokens at over 3,000 BBQ establishments in 20 countries across the world, including Korea, the United States, and Europe. That’s how the Olive project got its start.
The metaverse environment serves as the foundation for any brand’s token ecosystem’s distribution channel and environment. It is therefore quite simple to develop and integrate customer-friendly systems, and it provides an excellent environment for responding to rapidly changing markets and customer trends. For more information, be sure to check out the official website and Telegram, Medium and Twitter channels.
Source :news.bitcoin , cryptonews
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